Wall Street Week Ahead: Going off "cliff" with a bungee cord

NEW YORK (Reuters) - The 1987 crash. The Y2K bug. The debt ceiling debacle of 2011. All these events, in the end, turned out to be buying opportunities for stocks. So will the "fiscal cliff," some investors say as they watch favorite stocks tumble during the political give-and-take happening in Washington. The first round of talks aimed at avoiding the "fiscal cliff" caused...

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Israel hits Hamas government buildings, reservists mobilized

GAZA/JERUSALEM (Reuters) - Israeli aircraft bombed Hamas government buildings in Gaza on Saturday, including the prime minister's office, after Israel's cabinet authorized the mobilization of up to 75,000 reservists in preparation for a possible ground invasion. Palestinian militants in Gaza kept up cross-border salvoes, firing a rocket at Israel's biggest city Tel Aviv for the third...

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It's a Girl for Chad Lowe

Mom & Babies Celebrity Baby Blog 11/17/2012 at 12:20 AM ET Chelsea Lauren/WireImage It’s a girl for Chad Lowe.The Pretty Little Liars star and wife Kim welcomed their second daughter on Thursday, Nov. 15, the actor announced via Twitter.“It’s a girl!!! And she’s as beautiful as her mommy and [3½-year-old]...

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EU drug regulator OKs Novartis' meningitis B shot

LONDON (AP) — Europe's top drug regulator has recommended approval for the first vaccine against meningitis B, made by Novartis AG.There are five types of bacterial meningitis. While vaccines exist to protect against the other four, none has previously been licensed for type B meningitis. In Europe, type B is the most common, causing 3,000 to 5,000 cases every year.Meningitis mainly affects infants...

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Wall Street rises as Republicans call talks constructive

NEW YORK (Reuters) - Stocks rose on Friday after Republicans said their meeting with Democratic President Barack Obama about the "fiscal cliff" was constructive and that they were prepared to put higher revenue on the table if there were also significant spending cuts. All three major U.S. stock indexes erased losses to turn higher following comments by Republican House Speaker John Boehner...

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Jerusalem and Tel Aviv under rocket fire, Netanyahu warns Gaza

GAZA (Reuters) - Palestinian militants nearly hit Jerusalem with a rocket for the first time in decades on Friday and fired at Tel Aviv for a second day, in a stinging challenge to Israel's Gaza offensive after an Egyptian bid to broker a truce. The attacks came just hours after Egypt's prime minister, denouncing what he described as Israeli aggression, visited the Gaza Strip and said...

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Jennifer Aniston & Justin Theroux Honor Ben Stiller with Funny Tribute

11/16/2012 at 11:20 AM EST From left: Christine Taylor, Jennifer Aniston, Justin Theroux and Ben Stiller Jeff Vespa/WireImage What are friends for, if not to help pay tribute with some good-natured ribbing? Which is what Jennifer Aniston and her fiancé Justin...

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EU drug regulator OKs Novartis' meningitis B shot

LONDON (AP) — Europe's top drug regulator has recommended approval for the first vaccine against meningitis B, made by Novartis AG.There are five types of bacterial meningitis. While vaccines exist to protect against the other four, none has previously been licensed for type B meningitis. In Europe, type B is the most common, causing 3,000 to 5,000 cases every year.Meningitis mainly affects infants...

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BP agrees to pay $4.5 billion in penalties for U.S. oil spill

HOUSTON/WASHINGTON (Reuters) - BP Plc will pay $4.5 billion in penalties and plead guilty to felony misconduct in the Deepwater Horizon disaster, which caused the worst offshore oil spill in U.S. history. The settlement includes a $1.256 billion criminal fine, the largest such levy in U.S. history, the company said on Thursday. Analysts said the deal let BP put its focus back on oil production,...

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War looms over Gaza as death toll rises

GAZA (Reuters) - A Hamas rocket killed three Israelis north of the Gaza Strip on Thursday, drawing the first blood from Israel as the Palestinian death toll rose to 15 in a military showdown lurching closer to all-out war and an invasion of the enclave. On the second day of an assault Israel said might last many days and culminate in a ground attack, its warplanes bombed targets in and...

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Diem Brown Blogs About Her Sister's Breast Cancer Scare

Diem Brown and her sister Courtesy Diem Brown In her PEOPLE.com blog, Diem Brown, the Real World/Road Rules Challenge contestant recently diagnosed with ovarian cancer for the second time, opens up about her desire for a child and the ups and downs of cancer and fertility procedures.It's the phone call that you never want to get – the one that makes...

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Booze calories nearly equal soda's for US adults

NEW YORK (AP) — Americans get too many calories from soda. But what about alcohol? It turns out adults get almost as many empty calories from booze as from soft drinks, a government study found.Soda and other sweetened drinks — the focus of obesity-fighting public health campaigns — are the source of about 6 percent of the calories adults consume, on average. Alcoholic beverages account for about...

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Wall Street dips, focus shifts back to fiscal, Europe worries

NEW YORK (Reuters) - Stocks fell on Wednesday, erasing earlier gains, as strong earnings from technology bellwether Cisco weren't enough to offset investor anxiety over U.S. budget negotiations and Europe's economic troubles. Wall Street had opened higher after Dow component Cisco Systems Inc reported first-quarter earnings and revenue late Tuesday that beat expectations, sending its...

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Israel kills Hamas commander, bombs Gaza targets

GAZA (Reuters) - Israel killed the military commander of the Islamist group Hamas in a missile strike on the Gaza Strip on Wednesday and launched air raids across the enclave, pushing the two sides to the brink of a new war. The attacks marked the biggest escalation between Israel and Gaza militants since a 2008-2009 conflict and came despite signs on Tuesday that neighboring Egypt had managed...

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Facebook stock up as lock-up expires on largest block of shares

SAN FRANCISCO (Reuters) – Shares of Facebook Inc jumped 10 percent in early trading on Wednesday, even as the biggest block of shares held by insiders became eligible for sale for the first time since the social media company’s disappointing debut in May.In heavy morning trading, Facebook gained $ 2.02 to $ 21.89. “While...

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Harley Pasternak Warns Against the Dangers of Yo-Yo Dieting

Celebrity Blog By Harley Pasternak 11/14/2012 at 11:30 AM EST Matthew McConaughey and Anne Hathaway Pacific Coast News; Andrew Toth/Patrick McMullan/Sipa USA Have you seen what Matthew McConaughey looks like lately? I was flabbergasted when I bumped into him at...

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Ireland probes death of ill abortion-seeker

DUBLIN (AP) — The debate over legalizing abortion in Ireland flared Wednesday after the government confirmed that a miscarrying woman suffering from blood poisoning was refused a quick termination of her pregnancy and died in an Irish hospital.Prime Minister Enda Kenny said he was awaiting findings from three investigations into the death of Savita Halappanavar, a 31-year-old Indian who was 17 weeks...

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Wall Street gains, led by retail sector

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New Syrian opposition chief seeks recognition, arms

CAIRO (Reuters) - The leader of Syria's new opposition coalition urged European states on Tuesday to recognize it as the legitimate government, enabling it to buy the weapons it needs to overthrow President Bashar al-Assad. Britain and France appeared to set further conditions, notably that it first rally support inside the country, before they grant full recognition to the Syrian National...

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